StockNews.com Initiates Coverage on Alpha Pro Tech (NYSE:APT)

Stock analysts at StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a note issued to investors on Thursday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Stock Up 0.4 %

Shares of APT opened at $5.42 on Thursday. Alpha Pro Tech has a 12-month low of $4.64 and a 12-month high of $6.92. The firm has a market capitalization of $59.62 million, a PE ratio of 14.65 and a beta of -0.71. The stock’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $5.62.

Alpha Pro Tech (NYSE:APT) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter. Alpha Pro Tech had a return on equity of 6.70% and a net margin of 6.99%. The business had revenue of $14.25 million for the quarter.

Hedge Funds Weigh In On Alpha Pro Tech

Hedge funds have recently added to or reduced their stakes in the stock. Inspire Advisors LLC acquired a new position in Alpha Pro Tech in the third quarter valued at about $326,000. Dimensional Fund Advisors LP lifted its stake in Alpha Pro Tech by 37.0% in the second quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock valued at $688,000 after buying an additional 33,782 shares during the period. Needham Investment Management LLC lifted its stake in Alpha Pro Tech by 1.2% in the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after buying an additional 7,500 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Alpha Pro Tech by 1.3% in the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock valued at $3,478,000 after buying an additional 8,316 shares during the period. Institutional investors and hedge funds own 22.69% of the company’s stock.

Alpha Pro Tech Company Profile

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.